DATATEC LIMITED - Trading statement for the six months ended 31 August 2023

Trading statement for the six months ended 31 August 2023

Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
Share code: DTC
ISIN: ZAE000017745

TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 AUGUST 2023

Datatec Limited (JSE: DTC, “Datatec” or “the Group” or “the Company”), the international Information and
Communications Technology (ICT) company is publishing a trading statement for the six months ended 31
August 2023 (“H1 FY24”). The comparative six months ended 31 August 2022 is referred to as “H1 FY23”
throughout this announcement.

The Group continues to see good demand for its technology solutions and services across the world. The
Group’s operations remain well-positioned to service customers in their respective markets as we continue
to actively manage supply chain challenges.

All divisions have delivered improved financial performance in H1 FY24 compared to H1 FY23. Westcon
delivered another excellent performance and Logicalis International had a strong result. Logicalis Latin
America had a much-improved performance compared to H1 FY23, but regional macro-economic pressures
remain with currency weakness and hyperinflation in Argentina.

In terms of the JSE Limited Listings Requirements, companies are required to publish a trading statement
as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the
period to be reported on next will differ by at least 20% from the previous corresponding reporting period.

Datatec now expects the following earnings per share ranges for H1 FY24:

    •   Earnings per share of between 6.1 to 6.5 US cents (H1 FY23: 5.0 US cents), being 1.1 to 1.5 US
        cents (22.0% to 30.0%) higher than H1 FY23.
    •   Headline earnings per share of between 6.1 to 6.5 US cents (H1 FY23: 4.7 US cents), being 1.4
        to 1.8 US cents (29.8% to 38.3%) higher than H1 FY23.
    •   Underlying* earnings per share of between 9.4 and 9.8 US cents (H1 FY23: 3.6 US cents),
        being 5.8 to 6.2 US cents (more than 100%) higher than H1 FY23.

Forecast information
The estimated financial information contained in this trading statement has not been reviewed nor
reported on by the Group’s external auditors.

The Company expects to release its interim results for H1 FY24 on or about 23 October 2023.

* underlying earnings per share excludes normalisation adjustments: impairments of goodwill and
intangible assets, profit or loss on sale of investments and assets, amortisation of acquired intangible
assets, unrealised foreign exchange movements, acquisition-related adjustments, fair value movements
on acquisition-related financial instruments, restructuring costs relating to fundamental reorganisations,
one-off tax items impacting EBITDA, costs relating to acquisitions, integrations and corporate actions and
the taxation effect of all of the aforementioned.


Sandton
5 October 2023

Sponsor
PALLIDUS EXCHANGE SERVICES PROPRIETARY LIMITED

Date: 05-10-2023 08:00:00
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